[Korea gimmingyeong financial newspaper reporters] are expected to Tong Yang Life Insurance and China doorstep Allianz the largest shareholder of the acquired Tiffany headquarters tongyang securities. The deal doorstep insurance is purchased in the first case the domestic real estate, domestic insurers to attract retaliation Sadd are not gonna dance appearance in contrast with the Mac in China.
IB nine days, according to one industry sellers Asset Management recently put doorstep insurance asset management company based in the Orient Asset Management and Securities Tiffany Yu hits reportedly sold the building in progress and the final negotiations. Trading is expected to be completed this month.
The original building was a large vacancy occur while going up to the tenant prior to the tongyang securities nearby Signature Tower. Orient Asset Management is a plan to tongyang securities finished the previous building used as a master bedroom, including Tong Yang Life Insurance building in the domestic subsidiaries Tiffany headquarters building.
The bid was relatively high tongyang securities declined the possibility to exercise the priority right number of arguments likely to increase the viscosity of the insurance doorstep. Tongyang securities in accordance with the original contract shall be entitled to priority rights when buying property sale. But tongyang securities are initially predicted that the industry will continue to lease hagien greater because the rent paid by tenants in the building conditions that raise the rent by about 2% annually.
Meanwhile doorstep Insurance has shown considerable interest in the domestic real estate market, including bid naesewo domestic financial subsidiaries last year, Samsung Fire Tiffany main building (about 4500 million) and Jiangnan Capital Tower (about 5000 million). Since last year, the insurance doorstep incline chongryeok the domestic real estate investment real estate investment was significantly recruited personnel of Eastern life. Accordingly, the insurance industry's doorstep expects to expand the domestic real estate investment through affiliates such as Eastern and Oriental Life Asset Management.
The master bedroom preceded the insurance giant, while China entered the capital taking him a spot in Korea's financial industry, domestic insurance companies do not look the way it struggled in a closed monetary policy.
Korean Re has applied the year-end branches in Shanghai, China Is 2014. Committee was held in June last year, but under nine months adrift as Korea Saad placement decision in July.
Financial soundness of the legal form entered into the Chinese domestic insurance market five insurers fell significantly. C-ROSS proportion of the end of the domestic insurance companies in December last year, according to insurance industry △ KB life insurance 307%, △ Hyundai 205%, △ Samsung F 152%, largely as △ Hanwha life 118%, △ Samsung Life 169%, etc. fell. C-ROSS represents a potential capital of the insurer to insurer financial strength indicators are the Chinese financial authorities introduced last year. Financial authorities are to my insurance company, China C-ROSS recommends a ratio of more than 150%.
Why domestic insurance companies operating in China have dropped the solvency ratio at once since the introduction of C-ROSS is greater the impact of discrimination on the credit risk amount calculation method in China outside China Reinsurance Reinsurance Corp.'s credit rating occurred. The insurers joined the foreign reinsurer will receive a penalty changes in credit risk amount.
This Samsung Fire entrusted the majority of reinsurers headquartered in South Korea fell dramatically C-ROSS rate. Hyundai had maintained stability increases the foreign share China also moved KB Insurance reinsurance volume in China, most insurers. Samsung Life reinsurance also leave the most volume in China Hanwha Life reinsurers and insurers also reportedly signed a contract with China, such as the recent differences Sahib.
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